Author: Aishat Olalere

The Chairman of Nigerians in Diaspora Commission (NIDCOM), Mrs Abike Dabiri-Erewa called for the partnership during a courtesy visit to the Minister of Industry, Trade and Investment Doris Uzoka-Anite in Abuja. The NIDCOM has solicited a partnership with the Ministry of Industry, Trade, and Investment to boost diaspora investment and strengthen efforts toward economic development in the country. According to the Dabiri-Erewa, there are no fewer than 17 million Nigerians in the diaspora who are passionate about the country and are willing to invest at home. She added that NIDCOM has a Diaspora Investment Trust Fund that has been approved…

Perry Lott was released from prison in 2018 and exonerated in 2023 of a 1987 rape conviction. Since his release, he’s re-established his life in Oklahoma among friends and his church community, but he hasn’t found romance. Mr. Lott told the Innocence Project that he hasn’t been on a date since he’s been released, but he’s willing to wait for the right connection. “It takes a lot of investment to actually have a good relationship. I’m willing to go there but I’m not in any hurry anymore,” Mr. Lott said. “I came out of prison thinking things were like they used to…

President Bola Tinubu has sought the confirmation of Senate for the appointment of a Chairman and Members for the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC). Tinubu in the letter titled Constitution of Monetary Policy Committee for the Central Bank of Nigeria (CBN) said, “in accordance with the provisions of section 12 of CBN Act 2007. On Wednesday, February 14, Tinubu’s request was conveyed in a letter addressed to President of Senate, Godswill Akpiabio and read at plenary. The letter stated “I am pleased to present for confirmation by the Senate the confirmation of the underlisted 12 persons as Chairman…

Vice President Kashim Shettima disclosed yesterday during a two-day high-level strategic meeting on climate change, food systems and resource mobilization at the Presidential Villa, Abuja that plans are in works to establish a National Commodity Board as a solution to the escalating food price in the country. The commodity board will be expected to assess and regulate food prices, as well as maintain a strategic food reserve for stabilizing prices of crucial grains and other food items. Speaking on “Climate Resilience and Food Security: Nigeria’s Vision for the Future”, Senator Shettima said the event was an attestation of Nigeria’s efforts…

The Nigeria Sovereign Investment Authority (NSIA) has announced the  second edition of the NSIA Prize for Innovation (NPI 2.0), with a combined prize value of $220,000, for Nigerian star-ups. The prize goes  with an all-expense paid, five-week training at Draper University, Silicon Valley, USA, for young Nigerian winners, according to a statement by the organisation, in Abuja,  yesterday.   The maiden edition of the NPI programme commenced with over 2,000 applications and a rigorous selection process, from which 25 start-ups proceeded to the accelerator phase. The first three start-ups and seven runners-up clinched a combined prize value of $255,000. Deriving from…

It was announced by Nigerian National Petroleum Corporation that Some filling stations have adjusted the pump price of petrol, especially in the northern parts of the country . Petrol is now been sold at ₦700 per litter in some filling station. The petrol price reported in Kano was between ₦620 and ₦690/Ltr depending on the filling station, while NNPC filling stations were selling at ₦620/Ltr before the increment in the price of petrol. This is happening despite assurances from the NNPC Limited that there will be no increases in the commodity. Meanwhile, in Sokoto, it sells between ₦690 and ₦700…

The Nigeria Customs Service (NCS) has announced an increase in the exchange rate for calculating import duties at the nation’s seaports as a result of the adjustment made by the Central Bank of Nigeria in the naira to dollar exchange rate for calculating custom duties Nigeria Customs Service has now implemented the new rates, adding more burden to businesses and importers Foreign goods such as iPhones, cars, and products not manufactured 100% in Nigeria are set to increase. According to the data obtained from the federal government portal , from wednesday , february 14, 2024, importers will be charged N1,481.482…

Nigeria’s crude oil production marginally dropped in January 2024 compared to what it was in December 2023. It was contained in Organisation of Petroleum Exporting Countries (OPEC) report released on Tuesday, February 13 2024 that the Nigeria’s crude production dropped from 1.422 million barrels per day in December to 1.419 million barrels per day in January. It was analysed that the production decreased by 3,000 barrels per day. However, the report said that the nation’s oil production rose from 1.33mbpd to 1.42mbpd, based on data obtained through direct communication. OPEC added that the total crude production in the 12 OPEC…

FirstBank has launched the second season of  its  Cash Out promo designed to reward users of FirstMobile, its mobile banking solution with cash prizes totalling ₦36 million. The bank in a statement explained that, “the FirstBank Cash Out Promo 2.0 which began on Monday, 15 January 2024, ends on Friday, 15 March 2024, and is open to new and existing customers. “Leading up to the grand finale – with ₦1 million   up for grabs – the promo comprises three distinct categories, each offering attractive rewards comprising ₦10,000 worth of airtime and data, ₦20,000.00, and ₦100,000.00 respectively. “In the first category, 100…

Lawyer Ahmed Nasir Abdullahi penned a long post criticising Chief Justice Martha Koome’s leadership. However, outspoken lawyer Miguna Miguna said Ahmed Nasir was expressing his views in an incomprehensible way According to Miguna, the senior counsel should strive to argue his criticism in a well-reasoned way Nairobi – Lawyer Miguna Miguna has hit out at his learned friend Ahmed nasir Abdullahi over his spirited criticism of Chief Justice Martha Koome. In his latest attack, Ahmed Nasir sneered at the meeting between Koome and the Ford Foundation Global Board led by its President, Darren Walker. In a tweet, the outspoken lawyer…